• Job Description

  Req#: 12503
  Responsibilities The Analyst within the Portfolio Management team will be tasked with evaluating affordable multifamily property operations and finding procurement solutions to reduce operating expenses and generate additional revenue across the portfolio. This will involve some travel and will require an ability to communicate with vendors and bulk service providers in order to negotiate favorable contracts. It will also require strong financial modeling skills, financial statement analysis, and presentation skills as the analyst will be expected to deliver findings and potential solutions to ownership teams at Related. The analyst will work with asset managers, acquisitions & development associates, property owners, and property managers on a daily basis. Operational Review monthly operating statements (NOI, occupancy, collections, surplus cash, and others) and identify areas of opportunity or concern for deal project managers to focus on, including both income and expense items based on budget variances and previously unknown opportunities. Provide meaningful portfolio-wide and property drill-down reporting in the above areas. Look into bulk purchasing opportunities across the portfolio that would lead to savings at the operational level. Lead in the implementation of procurement initiatives across the portfolio. Visit assets on a regular basis and provide commentary on opportunities and areas for improvement with regard to property operations. Ensure all Related bulk purchasing programs are fully leveraged across all possible properties. Assist in the onboarding of new properties with respect to any procurement initiatives. Budgetary Get involved with owner’s review and approval of annual budgets working closely with Property Management to identify areas of savings based on procurement initiatives. Provide best practice feedback to underwriters of new deals to ensure incorporation of lessons learned from ongoing operations of existing deals. Suggest ways to leverage existing staff, purchasing power, and income producing opportunities Informational Provide meaningful information for semi-annual Asset Detail Reporting. Put together all relevant information for Contract database within MRI/Integratec for all properties. Meet with property management and ownership to discuss property-level findings and discuss procurement initiatives that would result in driving value across the portfolio. Travel This position will involve some travel. The expectation is that the analyst filling this role will be on the road 25% of their time visiting properties and meeting with service providers. Compensation $85,000 - $120,000 / year Annual performance based bonus Qualifications Bachelor’s degree required. Ideal candidate will have 2-3 years of relevant experience. Strong analytical skills. Must be very proficient in Excel and financial modeling, will be tested. Must have great inter-personal skills in order to interact with property management at the site level and communicate findings and solutions at the ownership level. Must have strong communication and negotiation skills as the analyst will be expected to reach out to vendors and bulk service providers and negotiate favorable contracts. Must have familiarity with financial statements and in particular operating statements in order to efficiently evaluate site level operations. Must have a strong attention to detail. This position requires the analyst to study property level operations exhaustively and keep a detailed record of findings so that those findings can be aggregated to determine ways of reducing costs across the portfolio through procurement. Must have a “can-do” attitude and must be able to work independently. Must be willing to travel. Please note that Related has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees. As a condition of employment, Related employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law. Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy. #TRC #LI-JF1 Overview Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com. Hudson Yards has become the cultural center of Manhattan’s New West Side. A template for the future of cities, this new neighborhood has not only changed the way New York looks to the world, but the way the world sees New York. From Vessel, a new kind of interactive landmark, to Edge, the highest outdoor sky deck in the Western Hemisphere, Hudson Yards is creating one-of-a-kind experiences for employees and visitors alike. Learn more about Hudson Yards at www.hudsonyardsnewyork.com. Divisional Overview Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Affordable housing acquisitions and development have been the foundation of Related since the company was founded. Today, Related Affordable owns and oversees one of the largest affordable housing portfolios in the nation. The company is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country. Learn more about Related Affordable at www.related.com/affordable-housing.
  Bachelor’s degree required. Ideal candidate will have 2-3 years of relevant experience. Strong analytical skills. Must be very proficient in Excel and financial modeling, will be tested. Must have great inter-personal skills in order to interact with property management at the site level and communicate findings and solutions at the ownership level. Must have strong communication and negotiation skills as the analyst will be expected to reach out to vendors and bulk service providers and negotiate favorable contracts. Must have familiarity with financial statements and in particular operating statements in order to efficiently evaluate site level operations. Must have a strong attention to detail. This position requires the analyst to study property level operations exhaustively and keep a detailed record of findings so that those findings can be aggregated to determine ways of reducing costs across the portfolio through procurement. Must have a “can-do” attitude and must be able to work independently. Must be willing to travel. Please note that Related has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees. As a condition of employment, Related employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law. Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy. #TRC #LI-JF1
  The Analyst within the Portfolio Management team will be tasked with evaluating affordable multifamily property operations and finding procurement solutions to reduce operating expenses and generate additional revenue across the portfolio. This will involve some travel and will require an ability to communicate with vendors and bulk service providers in order to negotiate favorable contracts. It will also require strong financial modeling skills, financial statement analysis, and presentation skills as the analyst will be expected to deliver findings and potential solutions to ownership teams at Related. The analyst will work with asset managers, acquisitions & development associates, property owners, and property managers on a daily basis. Operational Review monthly operating statements (NOI, occupancy, collections, surplus cash, and others) and identify areas of opportunity or concern for deal project managers to focus on, including both income and expense items based on budget variances and previously unknown opportunities. Provide meaningful portfolio-wide and property drill-down reporting in the above areas. Look into bulk purchasing opportunities across the portfolio that would lead to savings at the operational level. Lead in the implementation of procurement initiatives across the portfolio. Visit assets on a regular basis and provide commentary on opportunities and areas for improvement with regard to property operations. Ensure all Related bulk purchasing programs are fully leveraged across all possible properties. Assist in the onboarding of new properties with respect to any procurement initiatives. Budgetary Get involved with owner’s review and approval of annual budgets working closely with Property Management to identify areas of savings based on procurement initiatives. Provide best practice feedback to underwriters of new deals to ensure incorporation of lessons learned from ongoing operations of existing deals. Suggest ways to leverage existing staff, purchasing power, and income producing opportunities Informational Provide meaningful information for semi-annual Asset Detail Reporting. Put together all relevant information for Contract database within MRI/Integratec for all properties. Meet with property management and ownership to discuss property-level findings and discuss procurement initiatives that would result in driving value across the portfolio. Travel This position will involve some travel. The expectation is that the analyst filling this role will be on the road 25% of their time visiting properties and meeting with service providers. Compensation $85,000 - $120,000 / year Annual performance based bonus

• About the company

  Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London and Shanghai and boasts a team of approximately 3,000 professionals. The Compa...

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